Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

For those members of the shadow cabinet who may not have been aware of their new policy, they might want to know that Mr Hockey on 1 July said as follows:

The truth about tax reform is that you have to leave money on the table for people, even if it means you are reducing the size of the surplus.

This is their great plan to fund tax cuts: run down any surpluses in order to fund tax cuts that they have not costed and they have not funded. It is not surprising, Mr President, that they do not want to talk about this because it is extremely embarrassing for them that the shadow Treasurer's great plan for tax cuts is simply to attack the surplus, to risk the surplus. That is their plan!

Honourable senators interjecting—